With nearly all cryptocurrencies going in the green alga, it is only a matter of time until we see some major price movements. Right now, Litecoin is one of the altcoins which show the biggest gains over the past 24 hours.
Thanks to its 12.87% increase in the value, the Litecoin price is back at $75 just like it was a few days ago. This is a positive development for long-term holders as well as the people who recently bought LTC during the dip.
A lot of Litecoin holders will be well pleased to see the Litecoin price bound back to its previous values. Although the all-time high of Litecoin sits close to $90, the price took a very sharp dip these past few days.
More specifically, the Litecoin price dropped as low as $60.8 thanks to China’s ICO decision. All cryptocurrencies were affected by this sudden decision, though, and Litecoin was no exception in this regard whatsoever.